Job Vacancies

ASIA CAPESIZE DRY: Iron ore freight rallies after Bocimar takes ships

Rates and sentiment on the iron ore freight market got a boost Friday after Bocimar International NV was heard taking at least six ships in the Atlantic over the May Day holiday in Asia, putting an end to the downward spiral in Capesize rates seen over the past week. Bocimar, the drybulk shippin ...

Economic outlook is ‘exceptionally strong’ says CBI

The outlook for the economy over the next three months is “exceptionally strong” according to the employers’ organisation the CBI. Its latest monthly survey of 675 firms, indicated that growth expectations were the strongest since the CBI started collecting data in 2003. The da ...

China’s Iron Ore Inventory Rises to Record on Output, Financing

Iron ore stockpiles in China, the world’s biggest buyer, surged to the highest ever amid demand to use the steel-making ingredient as collateral to get credit and as mills ramped up production in a peak season. Inventories at ports rose 1.4 percent to 109.55 million metric tons in the week ended ...

China steel futures extend gains on demand hopes

Chinese steel futures rose for the second day on Thursday on hopes that demand will improve as Beijing allows more private investment in various sectors. China will allow private investment in 80 projects spanning the energy, information and infrastructure sectors, Premier Li Keqiang said on Wed ...

Thermal coal Panamax freight falls as market awaits cargoes

The thermal coal Panamax freight market on Thursday lost some of the last week’s bullishness as firm cargoes eluded the market, sources said Thursday. The coal freight market from Indonesia to India was quiet, market sources said, with freight rate indications slipping slightly on more bea ...

India’s top court lifts iron ore mining ban in Goa

India’s Supreme Court has lifted a ban on iron ore mining in the western state of Goa, but limited extraction to 20m tonnes a year. The miners will also need to renew their leases with the Goa government. All 90 iron ore mines in Goa were shut down after a government-backed inquiry in 2012 ...

Global steel demand set to grow at 3.3% this year

Global steel demand is likely to grow at a faster pace of 3.3 per cent this year, driven by rising demand for the commodity from India, Brazil, Russia, West Asia and North Africa, according to a report. “Global steel demand is forecast to grow faster in 2014 at 3.3 per cent, with more demand gro ...

Asian seaborne iron ore price rebounds as strong buying interest resurfaces

The seaborne iron ore market reversed losses Thursday, as an influx of buying activity suddenly emerged in the spot market. Platts assessed the 62% Fe Iron Ore Index at $116.25/dry mt CFR North China Thursday, up $1.50/dmt from Wednesday. A swift succession of trades took place Thursday after se ...

Worst is over for dry bulk shipping sector: MIDF

MIDF Research believes that the worst in the dry bulk shipping sector is over, as fundamentals have improved, supported by better global economic conditions as well as the rollout of railway projects in China. MIDF Research said in a report yesterday that tonnage demand for dry bulk shipping gre ...

China March commodity imports resilient despite slowing economy

China’s imports of iron ore and copper soared in March from the previous month in anticipation of higher seasonal demand in the world’s top metals consumer, though crude oil shipments dropped after three months of high inbound volumes. The double-digit monthly gains in iron ore and c ...